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by Will Purcell
The diamond and specialty minerals stocks box score for Wednesday was a poor 53-92-142. The TSX Venture Exchange fell six points to 718 while polished diamond prices rose 0.15 per cent. Guy Bourassa's Nemaska Lithium Inc. (NMX) dropped four cents to 73 cents on 5.64 million shares. There is nothing new, but the company has financing in place for its billion-dollar Whabouchi lithium mine and processing facility in Quebec. Cobalt Power Group Inc. (CPO) closed unchanged at 5.5 cents on 2.51 million shares. There has been no news since the company received assays two weeks ago, showing up to 0.54 per cent cobalt from gram sampling at Silver Eagle in Ontario.
Matt Manson's Stornoway Diamond Corp. (SWY), down one-half cent to 34 cents on 587,000 shares, has declared its Renard diamond mine in north-central Quebec to have achieved sustained underground mine production, ending its ramp-up process. The company mined and trucked an average of 6,039 tonnes of ore per day to surface during the last three weeks of August, topping the company's budgeted rate of 6,000 tonnes per day. The kimberlite came from the 290-metre level of the flagship Renard-2 pipe. (The Renard processing plant averaged 7,085 tonnes per day during the period, with the additional 1,046 daily tonnes coming from the open-pit mine at Renard 65.)
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